Coinbase Launches Base App: The All-in-One Solution

Coinbase has introduced the Base App, rebranding its Coinbase Wallet as an integrated platform that combines social networking, mini-apps, chat, payments, and trading. This launch signifies a new chapter for its Base ecosystem, announced at the 'A New Day One' event. The Base App is structured around three main components: the Ethereum Layer 2 network Base Chain, a suite of developer tools known as Base Build, and the Base App itself, acting as a consumer gateway to on-chain services. Starting July 16, the app entered a beta phase for those on the waitlist. It features a social feed powered by the Farcaster protocol, allowing creators to tokenize their posts through Zora, earn directly from tips and sales, and gain weekly rewards for high engagement. Users can track their friends’ trades in real-time and make token swaps directly within the feed. Additionally, the app hosts numerous mini-apps, including games and prediction markets, facilitates one-tap USDC payments via NFC, and offers encrypted XMTP messaging for sharing content, engaging with AI agents, and transferring funds. Upon registration, users are assigned a Base Account, a smart wallet compatible across multiple apps and chains. Coinbase also launched Base Pay, enabling near-instant USDC transactions at checkout; Shopify merchants can activate this service starting Wednesday, with U.S. consumers set to receive 1% cash back later this year. However, rewards for Base App usage are unavailable in the European Union or Canada. The revamp aims to make on-chain activities as simple as using an app, positioning Base App as a central hub for eligible users to post, trade, and receive payments without platform gatekeepers. Following the beta phase, a gradual public rollout is expected, and developers are invited to incorporate 'Sign in with Base' into their own products. This announcement coincides with Coinbase's updates on expanding its blockchain operations, including the onboarding of the leadership from the decentralized options trading protocol Opynt and a partnership with Perplexity AI for real-time crypto data services. Disclaimer: The Block is an independent media outlet providing news and research. As of November 2023, Foresight Ventures is a majority investor in The Block, which remains independent in delivering timely information on the crypto industry. © 2025 The Block. This article is for informational purposes only and not legal, tax, investment, financial, or other advice.